JAMB Commerce Past Questions & Answers - Page 206

1,026.

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

A.

vertical integration

B.

horizontal integration

C.

forward intergration

D.

backward integration

Correct answer is A

No explanation has been provided for this answer.

1,027.

The primary motive behind an individual engaging in production is to?

A.

fully engaged all the factors of production

B.

make available goods and services

C.

meets projected profit

D.

meet basic human needs

Correct answer is C

No explanation has been provided for this answer.

1,028.

A common requirement for public and private limited companies in Nigeria is that

A.

a shareholder cannot transfer his shares to someone else without permission from other shareholders

B.

their annual account are made available to the Corporate Affairs Commision

C.

shares can be offered for sale on the stock exchange

D.

shares can be offered for sale through an issuing house

Correct answer is B

No explanation has been provided for this answer.